Maintenance, inspection, hydraulics and equipment finance

Equipment Loans, Leases and Depreciation

These calculators do the arithmetic for equipment finance questions: monthly payment and total interest on an equipment, tractor, trailer or truck loan, the payment on a lease, the published MACRS percentages by year, and book depreciation by several methods. Everything is calculated from the values you type with the formulas named on each page. They are not financial, tax or accounting advice and not a quote; real lenders, lessors and tax rules differ.

Tools in this group

  • Equipment Depreciation Calculator — Enter the cost, salvage value and useful life, pick a method, and get the depreciation, accumulated depreciation and book value for every year.
  • Equipment Lease Calculator — Enter the equipment cost, buyout value, term and rate (APR or money factor) to get the lease payment, the total paid and the total if you buy it at the end.
  • Equipment Loan Calculator — Enter the equipment price, down payment, rate and term to get the payment, total interest and a payoff schedule; add a trade-in, sales tax, fees or an extra payment if you have them.
  • Heavy Equipment Loan Calculator — Enter the machine price, down payment, trade-in, sales tax, rate and term to see the payment, total interest and a year-by-year payoff table.
  • MACRS Depreciation Calculator — Enter the cost basis, the date placed in service and the property class to get each year's depreciation, the running total and the basis left, from the Pub 946 percentages.
  • MACRS Depreciation Table — Pick the recovery period and convention to see the IRS Publication 946 percentage for every year; type a cost basis to get dollar amounts and the check that they total 100%.
  • Semi Truck Loan Calculator — Enter the truck price, down payment, rate and term, and an optional balloon payment, to get the monthly payment, total interest and payoff table.
  • Tractor Loan Calculator — Enter the tractor price, down payment, rate and term to get the payment (monthly, quarterly or once a year), total interest and a payoff schedule.
  • Trailer Loan Calculator — Enter the trailer price, down payment, rate and term to see the payment, total interest and a payoff schedule, with presets for utility, car hauler and travel trailer prices.